Amidst the new record high rise in the stock market, brokerage firm StoxBox has recommended at least 7 top investment stocks for September. These include a total of 7 stocks including NTPC, BPCL, in which the brokerage sees further strength on the basis of fundamentals and technicals. Let us know the new targets, analysis and important things of these stocks.
1) ACC
The brokerage firm recommends buying ACC at ₹2,490 with a target of ₹2,700 and a stop loss of ₹2,400. The stock is rebounding from the demand zone and has regained the key moving averages. With a 32% capacity expansion and new limestone reserves, ACC is well positioned to benefit from rising demand in housing and infrastructure.
2) BPCL
The broking firm has a buy recommendation on BPCL at ₹337, with a target of ₹366 and a stop loss of ₹325. As India’s second-largest OMC, BPCL has a strong marketing segment, although profit declined in Q1 FY25. With planned investments for expansion of ₹16,400 crore, it is well positioned for future growth.
3) Britannia Industries
According to Stocksbox, the stock is recommended to buy at ₹ 6,000 with a target of ₹ 6,450 and a stop loss of ₹ 5,857. Britannia holds a third of the Indian biscuits market, showing a compound annual growth rate of 9 per cent over the last decade. With a strong distribution network and strong revenue growth in Q1 FY25, the stock is showing positive price action and bullish breakout pattern, it can be bought for the short term.
4) HCL Technologies
According to the brokerage, the stock current price (CMP) is ₹1,795, target is ₹1,940 and stop loss is ₹1,741. The company is expecting 3-5 percent CC growth for FY25, with improvement likely to start from Q2, reflecting better performance across sectors and geographies. Despite the recent challenges, HCL Technologies’ strong pipeline and long-term contracts position it well for future growth.
5) Indian Hotels
Indian Hotels Company Limited (IHCL) is a buy recommendation at ₹684, with a short-term target of ₹740 and a stop loss of ₹661. The RSI is well above medium, indicating strong price momentum. IHCL offers better short-term returns than the Nifty 50.
6) IOC
Indian Oil Corporation (IOC) is recommended to buy at ₹170, with a target of ₹183 and a stop loss of ₹164. Despite weak GRMs due to refinery shutdowns, a recovery from the recent drop in crude oil prices is expected. With strong capital investments and future expansion, IOC is well positioned for further growth.
7) NTPC
Analysts at Stocksbox have recommended buying NTPC stock at a CMP of ₹407, with a target price of ₹439 and a stop loss of ₹395. NTPC is India’s largest power producer and holds a significant share of the country’s power capacity, which is well positioned to take advantage of the growing demand. The company plans to expand its capacity to over 130 GW by 2032 and expects 11 per cent year-on-year PAT growth to ₹4,511 crore in Q1 FY25. NTPC’s focus on renewable energy and low-cost debt further boost its investment attractiveness.
Disclaimer: Business Today is not giving any stock buying advice. Consult your financial advisor before investing anywhere.